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Just got approved for $7k with southwest chase card, now wondering what I would get next - any input?
What happens if after obtaining a Costco Amex a person decides to cancel their Costco membership? Does the card become one with an annual fee or is the credit card just cancelled all together?
@JediNeo wrote:
The Costco AMEX does not qualify for rewards points. It is just cash back.
+1
@QueenBeeOC wrote:Just got approved for $7k with southwest chase card, now wondering what I would get next - any input?
Unless you have a targeted offer for the Blue Sky (30k points after $500 spend), i would go for the Costco. Good luck!
@Marcos8 wrote:What happens if after obtaining a Costco Amex a person decides to cancel their Costco membership? Does the card become one with an annual fee or is the credit card just cancelled all together?
You can PC to a no AF card like BCE, BC, or Blue Sky.
@w003ptr wrote:You can PC to a no AF card like BCE, BC, or Blue Sky.
No, you cannot. I have talked to a rep and she told me that Costco Amex was one of their cards that could not PC to other cards.
@DigitalArk wrote:
@w003ptr wrote:You can PC to a no AF card like BCE, BC, or Blue Sky.
No, you cannot. I have talked to a rep and she told me that Costco Amex was one of their cards that could not PC to other cards.
+1
I have verified this as well. If you are going to cancel your Costco membership and you want to keep an AMEX you should apply for another AMEX card prior to cancelling.
My Costco TE is my favorite and current go to card!
@QueenBeeOC wrote:Just got approved for $7k with southwest chase card, now wondering what I would get next - any input?
If you want recommendations you need to provide a lot more information on yourself as card selection is a very subjective process. What are you looking for in your next card? Blue Sky and TE are two very different cards. How did you narrow it down to these two? Have you used the comparison tool on the AmEx site?
@Marcos8 wrote:What happens if after obtaining a Costco Amex a person decides to cancel their Costco membership? Does the card become one with an annual fee or is the credit card just cancelled all together?
Terms are the place to find the answers to such questions:
The TrueEarnings® Card from Costco and American Express is only available to you if you have a paid Costco membership in your name. You must maintain your Costco membership to redeem the Reward. We may cancel your Card Account and participation in this program if you do not maintain your Costco membership.